L&T Finance Loan Against Property

Learn about L&T Finance loan against property features, benefits, eligibility, and application process on Bajaj Markets.

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✓ Loan Against Property Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.99% Check Eligibility

Unlock your property's true value with an L&T Finance Loan Against Property on Bajaj Markets. You can get funding up to ₹7.5 Crores at competitive interest rates starting from 9.60% p.a. Enjoy lower EMIs and flexible repayment options with tenures of up to 15 years. Get a quick disbursal within 72 hours after loan approval, helping you meet your financial goals without any delays.

L&T Finance Loan Against Property Interest Rates and Other Details

The L&T Finance Loan Against Property interest rates and charges are as listed below:

Features	Details
Interest Rate	9.60% p.a.
Maximum Tenure	300 months (25 years)
Maximum Loan Amount	₹7.5 Crores

Disclaimer: The aforementioned interest rates are subject to change at the lender’s discretion.

Other Fees & Charges Related to L&T Finance LAP

Here is a detailed breakdown of other fees and charges associated with an L&T Finance Loan Against Property to help you plan better:

Category	Details
Processing Fee	Up to 3% of the loan amount + GST
Foreclosure Charges: Floating Rate Loans (Business/Commercial Purpose)	Within 12 months: Up to 3% of principal outstanding + GST
	After 1 year: Up to 2% of principal outstanding + GST
Foreclosure Charges: Fixed Rate Loans	Within 12 months: Up to 4% of principal outstanding + GST
Foreclosure Charges: Fixed Rate Loans	After 1 year: Up to 3% of principal outstanding + GST
Foreclosure Charges: Non-individual Borrowers (Fixed & Floating)	Within 12 months: Up to 4% of principal outstanding + GST
	After 1 year: Up to 3% of principal outstanding + GST
Part-prepayment Charges: Floating Rate Loans (Business/Commercial Purpose)	Within 12 months: Up to 3% of prepayment amount + GST
	After 1 year: Up to 2% of prepayment amount + GST
Part-prepayment Charges: Fixed Rate Loans	Within 12 months: Up to 4% of prepayment amount + GST
Part-prepayment Charges: Fixed Rate Loans	After 1 year: Up to 3% of prepayment amount + GST
Part-prepayment Charges: Non-individual Borrowers (Fixed & Floating)	Within 12 months: Up to 4% of prepayment amount + GST
	After 1 year: Up to 3% of prepayment amount + GST
Late Payment Fees	3% of the overdue EMI amount per month

Disclaimer: The aforementioned charges are subject to change at the lender’s discretion.

L&T Finance Loan Against Property EMI Calculator

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Your Monthly Loan EMI

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Amortization Schedule

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Year	Payable Amount	Principal	Interest	Balance

Features and Benefits of an L&T Finance Loan Against Property

Here are the key features and benefits you can enjoy when you choose an L&T Finance Loan Against Property on Bajaj Markets:

High Loan Amount

Get access to loan amounts ranging from ₹25 Lakhs to ₹7.5 Crores, depending on your property value and eligibility.

Rapid Disbursal

Enjoy fast loan disbursal, with the approved amount credited to your account within just 72 hours after loan approval.

Low Interest Rates

Benefit from affordable interest rates starting at just 9.60% p.a., helping you manage lower EMIs and overall borrowing costs.

Maximum Tenure

Repay your loan comfortably over flexible tenures of up to 15 years, based on your financial situation and repayment capacity.

Easy Repayment

Manage your loan easily with part-prepayment facilities and tranche-based EMI payments, offering you greater repayment flexibility.

Eligibility Criteria for an L&T Finance Loan Against Property

Here are the eligibility criteria you must meet to apply for an L&T Finance Loan Against Property seamlessly:

For Salaried Individuals

You should be between 23 and 62 years of age and employed with a private company, public sector organisation, or multinational corporation.

For Self-employed Individuals

You should be between 25 and 70 years of age and must earn a steady income through a registered business or professional practice.

Residency

You must be an Indian resident with a valid address proof.

Documents Required for an L&T Finance Loan Against Property

Here is the list of documents you must keep ready to ensure a smooth and hassle-free application process:

PAN card and Aadhaar card as identity proof
Passport, Voter ID, Utility Bill, Driving Licence, or Registered Rent Agreement as address proof
PAN card or Form 60, as applicable
Title documents and ownership proof of the property to be mortgaged
Latest salary slips and bank account statements for the last 3 months (for salaried individuals)
Income Tax Return (ITR) filings (for salaried individuals)
Bank account statements for the last 12 months (for self-employed individuals)
ITR filings for the last 2 years (for self-employed individuals)
CA-certified Profit and Loss statements and Balance Sheets for the last 2 years (for self-employed individuals)
ITR filings and financial statements of the business (for self-employed professionals)
Bank account statements for the last 6 months (for self-employed professionals)

How to Apply for an L&T Finance Loan Against Property

Here is how you can easily apply for an L&T Finance Loan Against Property on Bajaj Markets:

Click on the ‘Check Eligibility' button available on this page
Fill in your personal and professional details accurately
Choose ‘L&T Finance’ from the list of available lenders
Enter the required loan amount and select your preferred repayment tenure
Submit your application form and wait for a representative to contact you for the next steps

Loan Against Property Quick Links

Home Loan Quick Links

Calculators

How much can I borrow through an L&T Finance Loan Against Property?

You can borrow between ₹25 Lakhs and ₹7.5 Crores with an L&T Finance Loan Against Property, depending on your eligibility and the property’s market value.

What is the interest rate charged on these loans by L&T Finance?

The interest rate for an L&T Finance Loan Against Property starts from 9.60% p.a.

Is there a pre-payment option for L&T Finance LAP?

Yes, L&T Finance allows you to make part pre-payments towards your loan against property, helping you reduce your outstanding balance and future interest costs.

What is the maximum term for which I can avail a loan against property?

You can choose a flexible repayment tenure of up to 15 years when you opt for an L&T Finance Loan Against Property on Bajaj Markets.

Does L&T Finance provide a loan against property at the best rate?

L&T Finance offers competitive interest rates starting from 9.60% p.a., making it one of the better options available for loan against property seekers.

What are the benefits L&T Finance provides on a loan against property?

L&T Finance offers high loan amounts, competitive rates, flexible repayment tenures, quick disbursal within 72 hours, and easy part pre-payment facilities on their loan against property on Bajaj Markets.

Does L&T Finance have a fixed rate of interest on a loan against property?

The interest rate on L&T Finance Loan Against Property can be fixed or floating, depending on the product terms discussed with the lender at the time of approval.

What are the documents required in L&T Finance for a loan against property?

You will need identity proof, address proof, property ownership documents, and income documents like bank statements, salary slips, or business financials based on your profile.

What is the interest rate of L&T Finance property loan?

The interest rate for an L&T Finance Loan Against Property starts from 9.60% p.a., depending on your eligibility, property value, and the lender’s current policies.

Which bank is best for a loan against property?

Choosing the best lender depends on your needs. L&T Finance is a strong choice because of high loan amounts, affordable rates, and faster loan disbursal timelines.

What is the eligibility for a loan against property?

You must be a salaried individual aged 23–62 years or a self-employed professional aged 25–70 years with steady income and property ownership in India.

Who is eligible for L&T Housing Finance loan?

Currently, L&T Finance focuses on loan against property products. Eligibility mainly depends on your income stability, age, and ownership of residential or commercial property.